Posted To Steve Keen’s Substack Newsletter 08/21/2026

Yes double entry bookkeeping is a wonderful tool. However its moniker is actually a misnomer because it neglects the fact that it is a trinitarian process which is equal 1) debits and 2) credits that sum to/result in 3) zero.

Unconscious, obsessive and/or false duality is the curse word of the human mindset and of human history, and not recognizing the monetary and economic trinitarian beneficial results of a 50% Discount/Rebate policy at the points of regular consumer retail sale and the retail point of finance, i.e. one’s mortgage, automobile, insurance or other big ticket item’s monthly payment…falls into that same dualistic trap.

Leave a comment